GreenPoint MortgageSecurities Inc. GreenPoint Home Equity Loan Trust2003-1 Home Equity Loan Asset-Backed Notes Series 2003-1
Exhibit 10.1
| THE BANK OF NEW YORK | ||
| 101 Barclay Street, 8 West | Distribution Date: 12/15/03 | |
| New York, NY 10286 | ||
| Officer: Trish O’Neill-Manella ###-###-#### | ||
| Associate: Cirino Emanuele ###-###-#### |
GreenPoint Mortgage Securities Inc.
GreenPoint Home Equity Loan Trust 2003-1
Home Equity Loan Asset-Backed Notes
Series 2003-1
Certificateholder Monthly Distribution Summary
| Class | Cusip | Class Description | Certificate Rate Type | Beginning Balance | Pass Through Rate (%) | Principal Distribution | Interest Distribution | Total Distribution | Current Realized Losses | Ending Balance | Cumulative Realized | |||||||||||
| A | 395385AP2 | Senior | Var-Act/360 | 213,807,211.31 | 1.390000 | 10,649,032.35 | 231,149.35 | 10,880,181.70 | — | 203,158,178.97 | 0.00 | |||||||||||
| R | N/A | Senior | Fix-30/360 | — | 0.000000 | — | — | — | — | — | 0.00 | |||||||||||
| Totals | 213,807,211.31 | 10,649,032.35 | 231,149.35 | 10,880,181.70 | — | 203,158,178.97 | 0.00 |
Principal Distribution Detail
| Class | Cusip | Original Certificate Balance | Beginning Certificate Balance | Scheduled Principal Distribution | Accretion Principal | Unscheduled Principal Adjustments | Net Principal Distribution | Current Realized Losses | Ending Certificate Balance | Ending Certificate Factor | ||||||||||
| A | 395385AP2 | 290,418,000.00 | 213,807,211.31 | 10,649,032.35 | — | — | 10,649,032.35 | — | 203,158,178.97 | 0 ###-###-#### | ||||||||||
| R | N/A | — | — | — | — | — | — | — | — | 0.00000000000 | ||||||||||
| Totals | 290,418,000.00 | 213,807,211.31 | 10,649,032.35 | — | — | 10,649,032.35 | — | 203,158,178.97 |
Interest Distribution Detail
| Class | Beginning Certificate Balance | Pass Through Rate (%) | Accrued Optimal Interest | Cumulative Unpaid Interest | Deferred Interest | Total Interest Due | Net Prepayment Int Shortfall | Unscheduled Interest Adjustment | Interest Paid | |||||||||
| A | 213,807,211.31 | 1.390000 | 231,149.35 | — | — | 231,149.35 | — | — | 231,149.35 | |||||||||
| R | — | 0.000000 | — | — | — | — | — | — | — | |||||||||
| Totals | 213,807,211.31 | 231,149.35 | — | — | 231,149.35 | — | — | 231,149.35 |
Current Payment Information
Factors per $1,000
| Class | Cusip | Original Certificate | Beginning Cert. Balance | Principal Distribution | Interest Distribution | Ending Cert. Balance | Pass Rate (%) | |||||||
| A | 395385AP2 | 290,418,000.00 | 736.205095114 | 36 ###-###-#### | 0 ###-###-#### | 699 ###-###-#### | 1.390000 | |||||||
| R | N/A | — | 0.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 0.000000 | |||||||
| Totals | 290,418,000.00 | 736.205095114 | 36 ###-###-#### | 0 ###-###-#### | 699 ###-###-#### |
| Pool Level Data | ||||
| Distribution Date | 12/15/03 | |||
| Cut-off Date | 5/1/2003 | |||
| Determination Date | 12/1/2003 | |||
| Accrual Period 30/360 | Begin | 11/1/2003 | ||
| End | 12/1/2003 | |||
| Number of Days in 30/360 Accrual Period | 30 | |||
| Accrual Period Actual Days | Begin | 11/17/2003 | ||
| End | 12/15/2003 | |||
| Number of Days in Actual Accrual Period | 28 | |||
Collateral Information
| Group 1 | |||
| Cut-Off Date Balance | 287,542,470.48 | ||
| Beginning Aggregate Pool Stated Principal Balance | 217,381,944.01 | ||
| Ending Aggregate Pool Stated Principal Balance | 207,507,453.30 | ||
| Beginning Aggregate Certificate Stated Principal Balance | 213,807,211.13 | ||
| Ending Aggregate Certificate Stated Principal Balance | 203,158,178.97 | ||
| Beginning Aggregate Loan Count | 5165 | ||
| Loans Paid Off or Otherwise Removed Pursuant to Pooling and Servicing Agreement | 225 | ||
| Ending Aggregate Loan Count | 4940 | ||
| Beginning Weighted Average Loan Rate (WAC) | 6.755422 | % | |
| Ending Weighted Average Loan Rate (WAC) | 6.731667 | % | |
| Beginning Net Weighted Average Loan Rate | 6.248422 | % | |
| Ending Net Weighted Average Loan Rate | 6.224667 | % | |
| Weighted Average Maturity (WAM) (Months) | 207 | ||
| Aggregate Pool Prepayment | 8,035,983.54 | ||
| Pool Prepayment Rate | 36.8659 CPR | ||
| Certificate Account | |||
| Beginning Balance | 0.00 | ||
| Deposit | |||
| Payments of Interest and Principal | 10,999,199.66 | ||
| Liquidation Proceeds | 0.00 | ||
| All Other Proceeds | 0.00 | ||
| Other Amounts | 0.00 | ||
| Total Deposits | 10,999,199.66 | ||
| Withdrawals | |||
| Reimbursement of Servicer Advances | 0.00 | ||
| Payment of Master Servicer Fees | 90,575.81 | ||
| Payment of Sub Servicer Fees | 0.00 | ||
| Payment of Other Fees | 0.00 | ||
| Payment of Insurance Premium(s) | 0.00 | ||
| Payment of Personal Mortgage Insurance | 0.00 | ||
| Other Permitted Withdrawal per the Pooling and Service Agreement | 28,442.15 | ||
| Payment of Principal and Interest | 10,880,181.70 | ||
| Total Withdrawals | 10,999,199.66 | ||
| Ending Balance | 0.00 | ||
Delinquency Information
Group 1
| Delinquency | 30-59 Days | 60-89 Days | 90-179 Days | 180-269 Days | 270+ Days | Totals | ||||||||||||
| Scheduled Principal Balance | 3,220,605.85 | 620,589.68 | 1,033,381.98 | 602,661.82 | 0.00 | 5,477,239.33 | ||||||||||||
| Percentage of Total Pool Balance | 1,552043 | % | 0.299069 | % | 0.497998 | % | 0.290429 | % | 0.000000 | % | 2.639539 | % | ||||||
| Number of Loans | 91 | 16 | 29 | 6 | 0 | 142 | ||||||||||||
| Percentage of Total Loans | 1.842105 | % | 0.323887 | % | 0.587045 | % | 0.121457 | % | 0.000000 | % | 2.874494 | % | ||||||
| Foreclosure | ||||||||||||||||||
| Scheduled Principal Balance | 910,408.42 | |||||||||||||||||
| Percentage of Total Pool Balance | 0.438735 | % | ||||||||||||||||
| Number of Loans | 11 | |||||||||||||||||
| Percentage of Total Loans | 0.222672 | % | ||||||||||||||||
| Bankruptcy | ||||||||||||||||||
| Scheduled Principal Balance | 174,031.89 | |||||||||||||||||
| Percentage of Total Pool Balance | 0.083868 | % | ||||||||||||||||
| Number of Loans | 6 | |||||||||||||||||
| Percentage of Total Loans | 0.121457 | % | ||||||||||||||||
| REO | ||||||||||||||||||
| Scheduled Principal Balance | 0.00 | |||||||||||||||||
| Percentage of Total Pool Balance | 0.000000 | % | ||||||||||||||||
| Number of Loans | 0 | |||||||||||||||||
| Percentage of Total Loans | 0.000000 | % | ||||||||||||||||
| Book Value of all REO Loans | 0.00 | |||||||||||||||||
| Percentage of Total Pool Balance | 0.000000 | % | ||||||||||||||||
| Current Realized Losses | 71,272.51 | |||||||||||||||||
| Additional Gains (Recoveries)/Losses | 0.00 | |||||||||||||||||
| Total Realized Losses | 228,199.87 | |||||||||||||||||
Reserve Fund Information
| Demand Note Reserve Account | ||
| Beginning Balance | 2,875,529.52 | |
| Deposits | 0.00 | |
| Accrued Interest | 0.00 | |
| Withdrawals | 0.00 | |
| Ending Balance | 2,875,529.52 |
OVERCOLLATERALIZATION REPORTING
| Ending Overcollateralization Amount | 4,349,274.33 | |
| Specified Overcollateralization Amount | 7,730,957.40 | |
| Overcollateralization Reduction Amount | 0.00 | |
| Excess Interest used as Accelerated Principal | 845,814.15 | |
ADDITIONAL REPORTING ITEMS
| Cumulative losses as percentage of original Pool Balance | 0.07936214 | % | |
| Cumulative losses as percentage of current Pool Balance | 0.10997189 | % | |
| 12-month rolling average of cumulative losses as percentage of original Pool Balance | 0.13393751 | % | |
| 3-month rolling average of Mortgage Loans 60+ days delinquent | 0.00991178 | ||
| Relief Act Shortfall | 0.00 | ||
| Gross Prepayment Interest Shortfall | 0.00 | ||
| Net Prepayment Interest Shortfall | 0.00 | ||
| Total outstanding principal balance of 3 largest Mortgage Loans | 1,059,123.97 | ||
| Draw Amount | 2,048,837.10 | ||
